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Finance – Page 143 – DIGIT INFO

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June … Read more

‘Unprecedented’ Institutional Demand for Bitcoin: Bitgo’s Custodied Assets Top $16 Billion, No Paypal Deal

Bitgo’s assets under custody have surpassed $16 billion. The company says it is seeing “unprecedented interest from institutional investors,” resulting from the economic impact of the coronavirus pandemic and the recent bitcoin bull run. Paypal was also rumored to be in acquisition talks with the company. $16 Billion in Cryptocurrencies Under Custody Bitgo announced Wednesday … Read more

Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins

One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore. Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to the announcement, Norilsk Nickel (known as Nornickel) said the issuance of the digital coins involves metal contracts, … Read more

Visa Grants Principal Membership to Crypto Payments Platform Wirex

London-based crypto-payments platform Wirex can now issue Visa accounts and process transactions autonomously, as the firm became a principal member of the payments giant. Crypto Payments Platform Wirex Gets Principal Membership From Visa to Issue Cards Autonomously According to the announcement, Wirex has been added to the European network of Visa as a member after … Read more

Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator

The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and the subsequent delisting of XRP on various platforms. Ever since the … Read more

Canadian Company Mojo Invests $1.5 Million in Bitcoin, Plans to Allocate More Next Year

On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on the company’s product development related investments in bitcoin during the … Read more

FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing

After the San Francisco-based exchange Coinbase announced it was registering with the U.S. Securities and Exchange Commission (SEC) in order to have an initial public offering (IPO), FTX Exchange CEO Sam Bankman-Fried said the company would launch pre-IPO futures. On December 21, Bankman-Fried announced the launch was now live and Coinbase pre-IPO futures contracts are … Read more

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